The global vaginal slings market Share will grow at a CAGR of 3.6% during the forecast period. The market for vaginal slings is set to reach US$1,459 million by 2027. Vaginal slings are surgical procedures used in controlling urinary incontinence (UI) in women. The sling is created from human tissue and is installed beneath the urethra. It can stop and lower the frequency of urine leaks. The global vaginal slings market report by Market Research Future (MRFR) looks at the types of slings available as well as the efforts taken to introduce new techniques for a safe and efficient way for successful surgeries for the period.
Favorable reimbursement policies covering vaginal sling procedures are projected to bode well for the market. This can alleviate the economic burden of patients. Rise in the number of government initiatives aiming to lower the rate of stress UI in their respective countries will be a lucrative opportunity for major manufacturers. Technological advances in surgeries and inclination towards minimally invasive surgeries are other growth enablers of the global market.
Complications in surgical procedures and product recalls may threaten the market growth.
The global vaginal slings market is segmented by product type, method, and end user.
The vaginal slings market, based on product type, has been segmented into transobturator tape slings (TOT), mini-slings or single incision slings, tension-free vaginal tape slings (TVT), and others.
The vaginal slings market, based on method, has been segmented into single-incision mini method, retropubic method, and transobturator method.
On the basis of end user, the market is segmented into urogynecology clinics, hospitals, ambulatory surgical clinics, and others. The hospitals segment is expected to hold a major share with a market value of USD 539.7 Million till 2027
The threat from alternative treatment options may hinder the vaginal slings market growth. The market research report suggests that companies in this market could be
supported by countries offering vaginal sling surgeries at affordable costs as well as vaginal home test soaring preference among patients for minimally invasive procedures during the forecast period. The market for vaginal slings is set to register growth at a high CAGR owing to these key factors. This market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per this market analysts, the market for vaginal slings is set to witness tremendous growth across type, end-users, and methods segments. The global vaginal slings market’s North American region covers vaginal slings markets across the United States, Mexico, Canada, and others. Businesses present in the vaginal slings market are also profiled and their strategies have been presented in detail in this market research report.
The market for vaginal slings across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, this market research report provides details about the APAC region covering vaginal slings markets from China, India, Australia, Japan, and others. This market is also active across several other parts of the world. This market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the this market.
Vaginal slings have seen tremendous growth, due to devices that facilitate minimally invasive treatment of urinary incontinence and the burgeoning female elderly base. However, alternative treatment options and hesitation among women to go for surgeries would challenge the companies active in this market. Furthermore, companies using growth strategies to stay ahead in this market are expected to help the market during the forecast period 2015 to 2023. As this market report suggests that the market for vaginal slings will register a CAGR of 3.6% and reach a US$1,459 million by 2023, the market report highlights key areas vaginal slings market-based companies need to focus on. The vaginal slings market research report projects a long term growth till 2023. Based on this market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market for vaginal slings will rise during the forecast period 2015 to 2023, however the companies need to move ahead with caution. The vaginal slings market research report highlights such key areas.
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